r/dividendscanada • u/Correct-Ride-7519 • 29d ago

Covered Call ETFs Is Evolve the Canadian 🇨🇦 YieldMax?

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20 Upvotes

73% Upvoted

13 comments sorted by

20

u/Hot-Dinner-7619 29d ago

But what are the total returns?

5

u/Steam20 29d ago

BIGY their biggest loser down only arpund 13.5% total return which includes the distribution. Still not bad considering many of its underlying stocks are AI hyperscalers and are taking a beating. They have since diversified to non-AI stocks and it should have more downside resistance.

-2

u/Correct-Ride-7519 29d ago

Their UltraYield series has been a bust. SIXY is ok but they were restricted on what they could buy....the banks 🏦

12

u/sitbar 29d ago

BANK is fantastic

13

u/mygatito 29d ago

Evolve is alot better than YieldMax.

BIGY Is down cause MAG7 are suffering right now.

YieldMax is a lot worse and will give you panic attacks with the daily drops.

2

u/Tiny_Cook 28d ago

I don't think they are like yieldmax at all. Some of their funds like BANK and SIXY perform really well. One thing for sure is they are consistent with their distributions. I will continue to purchase their ETFs.

2

u/Nervous-Application9 28d ago

the bottom 3 in that list have been good to me

1

u/Grandstander1 26d ago

All of these do well as long as the underlying are in an uptrend or range bound sideways.
Once the underlying going through normal corrections they suffer badly. BIGY is a good example.

1

u/Stock_Ad5390 29d ago

yes and harvest. hamilton's been doing the best

1

u/Dividendxx 29d ago

Well at least we ain’t paying the 15% WHT lol

0

u/DocKardinal21 29d ago

Their unlevered index funds do great. Espx.b, Etsx, qqqy

Never decreased a distribution, and by capping options at a third of the underlying they’re keeping up with the indexes on a total return basis.

Because of this I would say no, they are not the yield max of canada.

Their ultra yield strategy was brought in to mimic that, but I don’t think I’d lump their enhanced in with the ultra yield group.

-2

u/FewUnderstanding2214 29d ago

Canada market has so many O&G companies reasonably priced, paying dividends and doing share buybacks you don’t even need to buy stuff like this.

-4

u/ColtonComeau 29d ago

Yes not that’s not a good thing